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HSBC plans five-year SelectInvest notes with cap tied to Euro Stoxx 50
By Susanna Moon
Chicago, Aug. 1 – HSBC USA Inc. plans to price 0% SelectInvest debt securities due Aug. 27, 2019 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, up to a maximum return of 110%.
Investors will receive par if the index falls by up to 25% and will lose 1% for every 1% decline beyond 25%.
HSBC Securities (USA) Inc. is the agent.
The notes will price on Aug. 22 and settle on Aug. 27.
The Cusip number is 40433BJF6.
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